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Reuters
Reuters
Business
By Scott Murdoch and Shivam Patel

Adani faces fresh risk as MSCI examines free float of its stocks

MSCI Adani Group Gautam Adani Narendra Modi India Adani Enterprises Adani Wilmar Hindenburg Research
FILE PHOTO: The logo of the Adani Group is seen on one of its buildings in Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave

India's Adani Group faced fresh concerns on Thursday after financial index provider MSCI said it was reviewing the free float designation of some of its companies' securities.

Billionaire Gautam Adani has seen some $110 billion wiped off the value of seven firms in the group he founded after U.S. short seller Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation.

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